HTC to Sell Back Stake in Beats Electronics for $265 Million

HTC Corp. (2498), the Taiwanese smartphone vendor whose stock has plunged 90 percent since 2011, is selling its remaining stake in headphone maker Beats Electronics LLC for $265 million. HTC will close the sale of its 24.84 percent stake in the closely held company in the fourth quarter, and it expects a NT$2.52 billion ($85 million) pretax profit, according to a statement to Taiwan’s stock...



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Posted in: Mobile Phones